Oracle Financial Services tumbles ex-dividend

Oracle Financial Services Software lost 11.66% to Rs 3,497 at 09:50 IST on BSE on turning ex-dividend today, 24 September 2014, for an interim dividend of Rs 485 per share for the year ending 31 March 2015.

Meanwhile, the BSE Sensex was down 2.61 points, or 0.01%, to 26,773.08

On BSE, so far 4,627 shares were traded in the counter, compared with an average volume of 6,809 shares in the past one quarter.

The stock hit a high of Rs 3,611 and a low of Rs 3,463.65 so far during the day. The stock hit a record high of Rs 4,179 on 19 September 2014. The stock hit a 52-week low of Rs 2,775 on 20 May 2014.

The stock had outperformed the market over the past one month till 23 September 2014, rising 11.41% compared with 1.35% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 35.94% as against Sensex's 6.97% rise.

The large-cap company has an equity capital of Rs 42.23 crore. Face value per share is Rs 5.

Before turning ex-dividend, the stock offered a dividend yield of 12.25% based on the closing price of Rs 3,958.50 on Tuesday, 23 September 2014.

Oracle Financial Services Software's consolidated net profit rose 26.92% to Rs 394.43 crore on 17.08% growth in total income to Rs 1223.32 crore in Q1 June 2014 over Q4 March 2014.

Oracle Financial Services Software is a world leader in providing products and services to the financial services industry and is a majority-owned subsidiary of Oracle Corporation.

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